India Healthcare IT Market Outlook to 2023

By Hospital, Pharmacy, Medical Imaging and Laboratory Information Management Systems and by Delivery Mode (On Premise, Hosted and Cloud Mode), By Component and By End Users

Region:Asia

Author(s):

Product Code:KR816

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Published on

June 2019

Total pages

200

Table of Content

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About the Report

About the Report

The report titled "India Healthcare IT Market Outlook to 2023 - By Hospital, Pharmacy, Medical Imaging and Laboratory Information Management Systems and by Delivery Mode (On Premise, Hosted and Cloud Mode), By Component and By End Users" provides a comprehensive analysis on the Healthcare IT market of India. The report covers various aspects including introduction, pricing analysis, Market Overview and Genesis, Porter’s Five Forces Model, trends and developments, issues and challenges, SWOT analysis, competitive landscape, India Healthcare Statistics and government regulations. The report concludes with future market projection and analyst recommendations highlighting the major opportunities and cautions.
 
India Healthcare IT Market
Market Overview: India Healthcare IT market is at the growth stage. India Healthcare IT market in terms of revenue has increased at a positive double digit CAGR during the period FY’2013-FY’2018. The market is gradually increasing with more number of Pharmacies opening up and Hospitals and clinics moving towards IT solutions for recording and storing the patient’s data on premise as well as on Hosted and cloud services. The customers in the market are highly price sensitive as there are various players present in the market.
Healthcare IT services are used by major hospitals, clinics and pharmacies for better management purpose. The clients opting for Healthcare IT solutions largely use them for managing Pharmacies, in patients, out patients, laboratory testing, Medical imaging and keeping patient records.

India Healthcare IT Market Segmentation


HIMS:
By Delivery Mode: The HIMS market on the basis of delivery mode is divided into on premise and Hosted and Cloud based. Hosted and Cloud services hold the major share in the market and will grow at a positive double digit CAGR from FY’2018-FY’2023E.
By Component: On the basis of component, the HIMS market is segmented into Software & Services and Hardware. Software & Services accounted more than half of the revenue share in the market as all the Hospitals opts for the Software which is of very high cost, and mostly the hardware component is already available with the hospitals.
By End Users: Private Hospitals are the largest contributor towards the HIMS system which accounted for more than half the market share. The second position is held by Government Hospitals followed by clinics which has shown a growth of positive double digit CAGR.

PIS:
The PIS market is majorly dominated by the unorganized players and they are the ones controlling the market. With the expansion plans of large chains and increase in number of unorganized pharmacy stores, the industry will undergo some consolidation. The retail pharmacy sector is quite fragmented, posing a major challenge in addition to the complex supply and distribution chain comprising various stakeholders as well as the circulation of drugs. Many pharmacies have been implementing online tracking system for managing their inventory of medicines. Major companies offering PIS services in India include Cerner’s Pharmacy System, Mckesson, Logic Pharma and others.

LIMS:
Laboratory information systems market in India is a niche segment of the healthcare IT market, which has been witnessing tremendous growth over the last few years and will continue to grow in the coming future. There are many standalone labs in the country and their number is increasing significantly. Most of the major players operating in the market have already adopted LIMS and the stand alone companies are also following their footsteps. Market is highly fragmented largely dominated by the local firms operating in the market. Major players include Thermo Fisher Scientific, Labware, NextGen and others.

MIIS:
In the medical imaging arena common-use cases include 3-D viewing, clinical collaboration and easy PACS connectivity, which enable access to radiology reports and referral studies. Large imaging independent software vendors are investing in cloud-based MIIS platforms which will eventually enable integration of their medical devices across the world. Picture Archiving and communications Systems (PACS), Radiology Information System and Monitoring Analysis software are the major type of MIIS and accounted for the highest revenue share amongst the three MIIS components and will grow at a double digit CAGR in future.

Competitive Landscape:
The India Healthcare IT market is highly fragmented. The market has several players operating in the market. The major players in the market are Wipro, Fujifilm, Thermo Fischer Scientific, Allscripts healthcare solution, Cerner Corporation, Innovative Medisoft, Mckesson Corporation, GTI Infotel, Birlamedisoft, Athenahealth and Shrishti Software. These players compete on the basis of Implementation cost, implementation ease, functionality, certification, customization and expertise.

India Healthcare IT market Future Outlook:
In future, it is anticipated that India Healthcare IT market in terms of revenue will increase at a positive double digit CAGR during the period FY’2018 –FY’2023E. The demand for Healthcare IT technology services will be further augmented largely with increase in number of pharmacies, hospitals and pathology labs and rise in per capita expenditure on healthcare. The use of HIMS will increase in future largely due to the growth in number of Hospitals, medical Tourism and Telemedicine will further increase the demand of Healthcare IT services in hospitals.

Key Topics Covered in the Report

  • Executive Summary
  • Research Methodology
  • Value Chain Analysis
  • India National Health Statistics
  • India Healthcare IT Market Overview and genesis
  • India Healthcare IT Market Size by Revenue (FY’2013-FY’2018)
  • India Healthcare IT Market Segmentation (FY’2013-FY’ 2018)
  • India HIMS Market Size by Revenue
  • India HIMS Market Segmentation
  • India HIMS Market Upcoming Technologies
  • Pricing and Software Analysis of HIMS market
  • India HIMS Market Competitive Scenario and Major Company Profiles
  • India PIS Market Size by Revenue
  • India PIS Market Segmentation
  • India PIS Market Upcoming Technologies
  • India PIS Market Competitive Scenario and Major Company Profiles
  • India LIMS Market Size by Revenue
  • India LIMS Market Segmentation
  • India LIMS Market Upcoming Technologies
  • India LIMS Market Competitive Scenario and Major Company Profiles
  • India MIIS Market Size by Revenue
  • India MIIS Market Segmentation
  • India MIIS Market Upcoming Technologies
  • India MIIS Market Competitive Scenario and Major Company Profiles
  • India Healthcare IT Market Analyst Recommendations

Products

Products

Key Target Audience

  • Healthcare IT Companies
  • Hospitals
  • Clinics
  • Pharmacies
  • Path Labs
  • Private Equity Firms
  • Government Associations
  • Investors

 

Time Period Captured in the Report:

  • Historical Period: FY’2013-FY’2018
  • Forecast Period: FY’2019-FY’2023E


Companies

Companies Covered:

HIMS

  • Cerner Corporation
  • Allscripts Healthcare Solutions
  • Athenahealth
  • Innovative Medisoft / MED-E-NOVA
  • Birlamedisoft Pvt. Ltd.
  • GTI Infotel

MIS

  • Wipro
  • Fujifilm
  • Siemens Healthenieers
  • SRIT (Shobha Renaissance IT Limited)
  • Shrishti Software
  • Telerad Tech

PIS

  • Mckesson Corporation
  • Logic Pharma Reatail
  • Go Frugal Pharmacy Software

LIMS

  • Thermo Fisher Scientific
  • LabWare
  • LabVantage Solutions
  • NextGen Healthcare IT Solutions
  • Caliber LIMS
  • Vanuston (Medeil)
  • Abbott Informatics/ Star LIMS

Table of Contents

Table of Contents

1. Executive Summary

1.1. Present Outlook, FY’ 2018
1.2. Future Outlook, FY’ 2023E
1.3. Industry Overview, FY’ 2018- FY’ 2023E

2. Research Methodology

2.1 Market Definitions
2.2. Abbreviations
2.3. Consolidated Research Approach
2.4. Variables (Dependent and Independent)
2.5. Correlation Matrix
2.6. Regression Matrix
2.7. Limitations and Conclusion

3. Value Chain Analysis

3.1. HIMS
3.2. PIS
3.3. LIMS

4. India National Health Statistics

5.Market Overview and Genesis

5.1. Overview and Genesis - Global Overview
5.2. Overview and Genesis - Indian Overview
5.3 Business Cycle Graph

6. India Healthcare IT Market Size

6.1. By Revenue, FY’2013-FY’2018

7. Market Segmentation, FY’2013-FY’2018

7.1. By Type of Market - Revenue (HIS, PIS, MIS and LIMS), FY’2013-FY’2018

8. HIMS Market Size, FY’2013-FY’2023E

8.1. By Historical Revenue, FY’2013-FY’2018
8.2. By Forecasted Revenue, FY’2018-FY’2023

9. HIMS Market Segmentation, FY’2018-FY’2023E

9.1. By Delivery Mode (On Premise, Hosted and Cloud) FY’2018-FY’2023E
9.2. By Component (Software and Services) FY’2018-FY’2023E
9.3. By End User (Popular Chain Brand and Stand Alone) FY’2018-FY’2023E

10. Upcoming Technologies in HIMS market

11. HIMS Market, Pricing and Software Analysis

12. HIMS Market - Competitive Landscape

12.1. Competitive Scenario (Major Players, Competing Parameters and Market Structure)

13. Company Profile of Major Players – HIMS Market (including Company Overview, Number of Employees, Total Revenue, Major Clients and Major Services and Products)

13.1. Cerner Corporation
13.2. Allscripts Healthcare Solutions
13.3. Athenahealth
13.4. Innovative Medisoft / MED-E-NOVA
13.5. Birlamedisoft Pvt. Ltd.
13.6. GTI Infotel

14. PIS Market Size, FY’2013 - FY’2023E

14.1. By Historical Revenue, FY’2013-FY’2018
14.2. By Forecasted Revenue, FY’2018-FY’2023E

15. PIS Market Segmentation, FY’2018-FY’2023E

15.1. By Delivery Mode (On Premise and Hosted & Cloud) FY’2018-FY’2023E
15.2 By Component (Software and Services) FY’2018-FY’2023E
15.3. By End User (Popular Chain Brand and Stand Alone) FY’2018-FY’2023E

16. Upcoming Technologies in PIS Market

17. PIS Market - Competitive Landscape

17.1. Competitive Scenario (Major Players, Market Structure and Competing Parameters)

18. Company Profile of Major Players – PIS Market (including Company Overview, Number of employees, Total Revenue, Major Products and Major Clients)

18.1. Mckesson Corporation
18.2. Logic Pharma Reatail
18.3. Go Frugal Pharmacy Software

19. MIIS Market Size, FY’2013-FY’2023E

19.1 BY Historical Revenue, FY’2013-FY’2018
19.2. By Forecasted Revenue, FY’2018-FY’2023E

20. MIIS Market Segmentation, FY’2018-FY’2023E

20.1. By Type (Picture Archiving and Communication Systems, Radiology Information Systems and Monitoring Analysis Software) 2018-2023E

21. Upcoming Technologies in MIIS Market

22. MIIS Market - Competitive Landscape

22.1. Competitive Scenario (Major Players, Market Structure and Competing Parameters)

23. Company Profile of Major Players – MIIS Market (including Company Overview, Total Revenue, USP, Total Number of Employees, Mergers and Acquisitions, Major Services, Product Overview and Major Clients)

23.1. Wipro
23.2 Fujifilm
23.3 Siemens Healthenieers
23.4 SRIT (Shobha Renaissance IT Limited)
23.5 Shrishti Software
23.6 Telerad Tech

24. LIMS Market Size, FY’2013-FY’2023E

24.1. By Historical Revenue, FY2013-FY’2018
24.2. By Forecasted Revenue, FY2018-FY’2023E

25. LIMS Market Segmentation, FY’2018-FY’2023E

25.1. By Delivery Mode (On Premise and Hosted & Cloud) FY’2018-FY’2023E
25.2. By Component (Software and Services) FY’2018-FY’2023E
25.3. By End User (Chain Labs/ Multispecialty Labs, Standalone Labs) FY’2018-FY’2023E

26. Upcoming Technologies in PIS Market

27. LIMS Market - Competitive Landscape

27.1. Competitive Scenario (Major Players, Market Structure and Competing Parameters)

28. Company Profile of Major Players – LIMS Market

28.1. Thermo Fischer Scientific
28.2. LabWare
28.3. LabVantage Solutions
28.4. NextGen Healthcare IT Solutions
28.5. Caliber LIMS
28.6. Vanuston (Medeil)
28.7. Abbott Informatics/ Star LIMS

29. Trends and Developments in India Healthcare IT Market

30. Issues and Challenges in India Healthcare IT Market

31. Mergers and Acquisition

32. Government Regulations in India Healthcare IT Market

33. Porter's Five Forces Analysis

33.1. Overall Healthcare IT market
33.2. HIMS

34. SWOT Analysis of Healthcare IT Market in India

35. Future Outlook and Projections, FY'2018 – FY'2023E

35.1. By Revenue, FY’2018-FY’2023E
35.2. By Type of Market - Revenue (HIS, PIS, MIS and LIMS), FY’2018-FY’2023E

36. Analyst Recommendations

36.1 Success Factors (HIMS and PIS)
36.2 Success Factors (LIMS and MIIS)

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